South Korea Trims 2015 GDP Growth Forecast to 3.8% From 4.0%

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Kwanwoo Jun SEOUL--South Korea's government trimmed its growth forecast for next year but said domestic demand--long a weak spot for the country--would contribute more to economic activity. The 2015 gross domestic product growth forecast was lowered to 3.8% from ...

San Antonio Weighs Annexation Plan

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Nathan Koppel San Antonio is moving ahead with plans to annex as much as 66 square miles around it, a land grab that would add as many as 200,000 people to the city and potentially make it the nation's ...

Asian Shares Mostly Up as Crude, Ruble Stabilize

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

Asian stocks were mostly up Monday, with greater stability in crude oil prices and the Russian ruble, and the Federal Reserve's soft indication for a rate increase next year helping improve risk-taking sentiment. Australia's S&P;/ASX 200 was up 1.2% to ...

White House Weighs Options Against North Korea

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

HONOLULU--The White House is considering an array of options for responding to North Korea's alleged hacking of Sony Pictures, including measures that would intensify financial pressure on Pyongyang by targeting banks and trading companies controlled by leader Kim Jong Un ...

Walgreen Steers A Global Course

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

(FROM THE WALL STREET JOURNAL 12/22/14) By Paul Ziobro Walgreen Co., the largest U.S. drugstore chain by number of stores, is going to find out if bigger means better. Next week, Walgreen shareholders will vote on whether to complete a ...

Impasse Puts Chill on Greek Business

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

ATHENS--Fears that Greece's high-stakes parliamentary vote for a new president could herald a return to economic turmoil have stalled business development and foreign investment, business executives and investors say. If Prime Minister Antonis Samaras and his ruling New Democracy party ...

China's Yuan Can Remain Stable: Central Bank Official

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

BEIJING-China's yuan should be able to remain basically stable despite recent weakness, central bank deputy governor Yi Gang said. Mr. Yi said that China's economic fundamentals were supporting the yuan, which has been holding up relatively well against a strong ...

Impasse Over Parliamentary Vote Puts Chill on Greek Business

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Alkman Granitsas And Stelios Bouras ATHENS--Fears that Greece's high-stakes parliamentary vote for a new president could herald a return to economic turmoil have stalled business development and foreign investment, business executives and investors say. If Prime Minister Antonis Samaras ...

Canada Wants Refugees to Go West

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Chester Dawson And Paul Vieira Canada is weighing steps to settle refugees in parts of the country with low unemployment levels, signaling the government's effort to use immigration policy to support economic growth--without alienating voters. Canada has one of ...

Ferrovial Abandons A$1 Billion Transfield Bid

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

By Ross Kelly SYDNEY-- Ferrovial SA abandoned a 1.02 billion Australian dollar (US$830 million) takeover bid for Australia's Transfield Services Ltd., a major setback in the Spanish construction company's plan to compete for billions of dollars of new infrastructure projects ...

South Korea Trims 2015 Growth Forecast

TODAY: Dec. 22, 2014 PUB DATE: Dec. 22, 2014

SEOUL--South Korea's government trimmed its growth forecast for next year but said domestic demand--long a weak spot for the country--would contribute more to economic activity. The 2015 gross domestic product growth forecast was lowered to 3.8% from a July projection ...

Two Fed Dissenters Air Their Opposing Views

TODAY: Dec. 21, 2014 PUB DATE: Dec. 20, 2014

By Michael S. Derby Federal Reserve officials sparred Friday over whether the central bank is likely to move too soon or wait too long to raise interest rates. The presidents of the Minneapolis and Philadelphia regional Fed banks both dissented ...

U.K. Police Arrest Man in Forex Market Manipulation Probe -- Update

TODAY: Dec. 21, 2014 PUB DATE: Dec. 20, 2014

By Jenny Strasburg British police arrested a man Friday morning at his suburban home east of London in connection with the government's probe into rigging of the foreign-exchange markets, according to a person familiar with the matter. It was the ...

Deutsche Telekom in Talks to Sell T-Online to Springer - Report

TODAY: Dec. 21, 2014 PUB DATE: Dec. 20, 2014

FRANKFURT--Germany's Deutsche Telekom AG (DTE.XE) is in initial talks to sell Internet service provider T-Online to media company Axel Springer SE (SPR.XE), German magazine Wirtschaftswoche reports Saturday, citing company sources. Executives of both companies have met to discuss such a ...

Top Schools Heat Up Beijing Property Market

TODAY: Dec. 21, 2014 PUB DATE: Dec. 20, 2014

By Esther Fung BEIJING--China's housing market may be in the doldrums, but prices of homes in Beijing's coveted school districts are red hot. And parents go to great lengths to get one. A medical-equipment salesman was putting up "wanted" posters ...

U.S. Levels New Sanctions on Crimea, Putin Supporters

TODAY: Dec. 21, 2014 PUB DATE: Dec. 20, 2014

By William Mauldin The U.S. on Friday expanded its Russia sanctions to include a motorcycle group favored by Russian President Vladimir Putin as well as individuals and entities linked to the pro-Russian separatist movement in Ukraine. The Treasury Department added ...

U.S., Mexico Strike Deal to Scrap Sugar Duties

TODAY: Dec. 21, 2014 PUB DATE: Dec. 20, 2014

By Leslie Josephs NEW YORK--The U.S. and Mexico have struck a deal to scrap tariffs on imports of Mexican sugar, ending a trade dispute that rattled candy-makers over higher costs for their key ingredient. The U.S. will suspend duties on ...